Korbit is one of the most prominent cryptocurrency exchanges in South Korea and has announced an innovative initiative. In what is perhaps a first for the NFT industry, Korbit on Monday, June 27, announced it has started issuing employee IDs as NFTs. The IDs also feature CryptoPunk-like avatars. This is everything you need to know regarding Korbit’s employee ID NFTs.
About Korbit’s employee ID NFTs
Korbit is one of South Korea’s only five licensed crypto exchanges. Essentially, Korbit decided to issue employee IDs as NFTs in an effort to uplift its sense of community, reported Forkast.
Furthermore, Korbit’s employees first applied for the NFTs in early June 2022. The company then minted their IDs and distributed them to their MetaMask wallets on June 20.
According to Korbit’s OpenSea account, there are currently 80 employee ID NFTs in all. Its project description reads, “It is an NFT issued to celebrate the joining of Korbit employees.”
The NFTs feature traits such as company, favourite colour, honour, nickname, position, and year of entry. Each NFT also displays the employee’s MBTI personality (Myers Briggs Type Index)!
NFTs and official documents
This is not the first time that someone turned an official document into an NFT. Early this year, South Korea’s Hoseo University issued NFT degrees and certificates to its 2021 batch of graduates. This was done to improve administrative services and prevent forgery of degrees. Three graduate students were also issued NFT certificates by Sungkyunkwan University, South Korea.
Apart from this, some job seekers are also turning their CVs into NFTs. NFTyourCV.com is a new NFT platform that allows job seekers to link their CVs with smart contracts. They can also earn royalty fees each time a potential employer reads their CV.
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